On Monday (June 6), the $SOL, the native token of the Solana blockchain, is trading above the $44, having surged over 12% in the past 24-hour period, and at least one crypto analyst expects it to rally “harder than people think.”
As you can see in the five-day SOL-USD price chart below, on Coinbase, $SOL was trading as low as $35.91 on June 4. Currently (as of 9:57 a.m. UT on June 6), $SOL is trading around $44.31, up 12.5% in the past 24-hour period.
Pseudonymous crypto analyst “Pentoshi” told his over 563K Twitter followers earlier today that he expects $SOL to rally harder than many people think:
This week, in Austin, Texas, Solana Foundation is hosting the five-day “Jump Hacker House” event:
Last Friday (June 3), Chainlink Price Feeds, which are “the industry standard price oracle networks for decentralized finance (DeFi) applications”, went live on the Solana Mainnet. According to Chainlink’s press release, with this native integration, d”evelopers building on Solana can now leverage seven different Chainlink Price Feeds (including BTC/USD, ETH/USD, USDC/USD and others) for highly decentralized, high-quality, and near real-time price updates, enabling them to build a new realm of hybrid smart contract applications that provide superior performance around trade execution and risk management.”
Furthermore, in coming months, “hundreds of additional Chainlink Price Feeds, as well as other Chainlink oracle services, will be made available to Solana developers during the next stages of the integration.”
